Legal Question in Business Law in California

Re: preferred stock/cfg

Thank you for your question. Although I do not have the immediate answer to your question, I can steer you in the direction to the answer. Aside from the Los Angeles County Law Library which will have excellent resources for you to find your own answers (and more!), you may either contact me by telephone and I may be able to find the response for you promptly, or, you may contact a corporate law colleague of mine, Michael Allan at (213) 353-1656. Good luck.

Re: preferred stock/cfg

In reply to your inquiry, let me offer the following:

A normal letter would be a good start. Under Cal.

Corporations Code Sec 1601, you, as a shareholder

have the right to inspect the accounting books, records

and minutes of proceedings of shareholders meetings,

board meetings, board committee meetings, etc., so

long as the purpose of inspection is reasonably related

to your interest as a shareholder. I think your desire

to sell your shares ought to fit that bill.

I'd recommend sending a letter that specifically cites

Corporations Code Sec 1601 as the basis for your

request. Also, send it Certified, Return Receipt

Requested.

Feel free to let me know if you have questions or

comments. Now, let me give the "de rigeur" caveat:

The foregoing information is provided as an

accommodation only, and does not constitute legal

advice or a legal opinion based on a comprehensive

review of all relevant facts and documents, nor can

provision of such information be construed as

creating an attorney-client relationship.